Enterprise Financial Services (NASDAQ:EFSC) Announces Earnings Results

Enterprise Financial Services (NASDAQ:EFSC) posted its quarterly earnings results on Wednesday. The bank reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.20), FiscalAI reports. Enterprise Financial Services had a net margin of 18.72% and a return on equity of 9.73%. The firm had revenue of $182.19 million for the quarter, compared to analyst estimates of $189.15 million.

Enterprise Financial Services Stock Up 0.3%

EFSC traded up $0.17 on Friday, reaching $65.21. 32,712 shares of the company traded hands, compared to its average volume of 245,451. The stock’s 50 day moving average price is $63.42 and its 200-day moving average price is $59.24. Enterprise Financial Services has a 52-week low of $51.18 and a 52-week high of $68.73. The company has a market cap of $2.39 billion, a price-to-earnings ratio of 12.97 and a beta of 0.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.84.

Enterprise Financial Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.35 per share. This is an increase from Enterprise Financial Services’s previous quarterly dividend of $0.34. This represents a $1.40 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 15th. Enterprise Financial Services’s dividend payout ratio is 25.66%.

Analysts Set New Price Targets

Several equities research analysts have commented on EFSC shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Enterprise Financial Services in a research report on Friday, July 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Enterprise Financial Services from $66.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, April 24th. Wall Street Zen cut shares of Enterprise Financial Services from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Raymond James Financial lifted their price target on shares of Enterprise Financial Services from $65.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Finally, Piper Sandler increased their price objective on Enterprise Financial Services from $64.00 to $67.00 and gave the company a “neutral” rating in a research report on Thursday, June 18th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $68.50.

Insider Transactions at Enterprise Financial Services

In other Enterprise Financial Services news, EVP Mark G. Ponder sold 1,250 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $60.55, for a total value of $75,687.50. Following the completion of the sale, the executive vice president owned 23,526 shares in the company, valued at $1,424,499.30. This represents a 5.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Enterprise Financial Services

Hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in Enterprise Financial Services by 929.0% in the second quarter. EverSource Wealth Advisors LLC now owns 638 shares of the bank’s stock worth $35,000 after acquiring an additional 576 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Enterprise Financial Services in the fourth quarter worth $99,000. Comerica Bank boosted its holdings in Enterprise Financial Services by 17.4% in the third quarter. Comerica Bank now owns 2,041 shares of the bank’s stock worth $118,000 after purchasing an additional 303 shares in the last quarter. Federated Hermes Inc. increased its position in Enterprise Financial Services by 106.0% during the second quarter. Federated Hermes Inc. now owns 2,182 shares of the bank’s stock worth $120,000 after buying an additional 1,123 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Enterprise Financial Services by 1,113.1% during the fourth quarter. Quadrant Capital Group LLC now owns 2,317 shares of the bank’s stock valued at $125,000 after buying an additional 2,126 shares in the last quarter. 72.21% of the stock is owned by hedge funds and other institutional investors.

About Enterprise Financial Services

Enterprise Financial Services Corp. (NASDAQ: EFSC) is a bank holding company headquartered in Clayton, Missouri, operating through its primary subsidiary, Enterprise Bank & Trust. The company provides a comprehensive range of banking and financial services to individuals, small- and mid-sized businesses, and institutional clients. Its capabilities encompass deposit products, lending solutions, mortgage banking, and treasury management, supported by a full suite of digital banking tools and personalized client service.

In its commercial banking segment, Enterprise Bank & Trust offers lines of credit, equipment financing, commercial real estate loans, construction lending and agriculture lending.